Canaccord Genuity reaffirmed their buy rating on shares of Five9, Inc. (NASDAQ:FIVN) in a report released on Thursday morning. They currently have a $28.00 price objective on the software maker’s stock.
A number of other research analysts have also issued reports on the stock. Northland Securities set a $25.00 target price on shares of Five9 and gave the company a buy rating in a report on Wednesday, July 19th. Morgan Stanley restated an equal weight rating and issued a $21.00 target price (up from $18.00) on shares of Five9 in a report on Thursday, July 20th. Zacks Investment Research lowered shares of Five9 from a buy rating to a hold rating in a report on Wednesday, August 30th. KeyCorp restated a buy rating and issued a $27.00 target price on shares of Five9 in a report on Friday, October 27th. Finally, Needham & Company LLC restated a buy rating and issued a $26.00 target price (up from $21.00) on shares of Five9 in a report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of Buy and an average price target of $24.25.
Five9 (NASDAQ:FIVN) traded down $0.50 during trading on Thursday, hitting $25.32. 214,400 shares of the company traded hands, compared to its average volume of 293,163. Five9 has a 1-year low of $12.58 and a 1-year high of $27.81. The company has a debt-to-equity ratio of 1.04, a quick ratio of 2.12 and a current ratio of 2.17.
Five9 (NASDAQ:FIVN) last released its quarterly earnings data on Wednesday, November 8th. The software maker reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.05. Five9 had a negative net margin of 4.19% and a negative return on equity of 34.14%. The business had revenue of $50.08 million for the quarter, compared to analyst estimates of $48.20 million. Five9’s quarterly revenue was up 22.2% compared to the same quarter last year. analysts forecast that Five9 will post -0.19 EPS for the current fiscal year.
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In other news, EVP Scott Welch sold 3,903 shares of the stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $20.88, for a total transaction of $81,494.64. Following the transaction, the executive vice president now directly owns 136,799 shares in the company, valued at approximately $2,856,363.12. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Michael Burkland sold 12,590 shares of the stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $21.00, for a total transaction of $264,390.00. Following the transaction, the chief executive officer now owns 963,501 shares in the company, valued at $20,233,521. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 74,719 shares of company stock worth $1,658,903. Insiders own 9.10% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. BNP Paribas Arbitrage SA lifted its holdings in shares of Five9 by 4,389.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,567 shares of the software maker’s stock worth $120,000 after acquiring an additional 5,443 shares during the period. Tudor Investment Corp ET AL purchased a new position in shares of Five9 during the 2nd quarter worth about $202,000. Principal Financial Group Inc. purchased a new position in shares of Five9 during the 2nd quarter worth about $219,000. KCG Holdings Inc. purchased a new position in shares of Five9 during the 1st quarter worth about $236,000. Finally, D.A. Davidson & CO. lifted its holdings in shares of Five9 by 20.8% during the 2nd quarter. D.A. Davidson & CO. now owns 11,476 shares of the software maker’s stock worth $246,000 after acquiring an additional 1,976 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.
Five9 Company Profile
Five9 Inc (Five9) is a provider of cloud software for contact centers. The Company’s purpose-built Virtual Contact Center (VCC) cloud platform delivers a suite of applications that enable the breadth of contact center-related customer service, sales and marketing functions. The Company’s solution, which consists of its VCC cloud platform and applications, allows simultaneous management and optimization of customer interactions across voice, chat, e-mail, Web, social media and mobile channels, either directly or through its application programming interfaces (APIs).
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